Twitter still "on a roll" despite disappointing leaked earnings

11/05/2015 by Nick Johnson


The quarterly loss fell significantly lower, almost $20 million for March, than the projected $470 million, with the next quarterly estimate of $470 million being well off the independent analysis created by Thomson Reuters for $538 million in June. "Revenue growth fell slightly short of our expectations due to lower-than-expected contribution from some of our newer direct response products," said Dick Costolo, CEO of Twitter.

Other Social Media platforms, such as Facebook and Instagram, have experienced more success, with the latter reaching 300 million monthly active users last year. In comparison, Twitter has taken an extra twelve months to increase its following and popularity to the same figure.